Money Market with Chris Gibbons
it’s 'Money Market with Chris Gibbons'
Money Market with Chris Gibbons
Prosus reports significant results, SA-born Elon Musk's Starlink satellite company does not have a license to operate in the country, and Busa President Adrian Gore has warned that the pace of delivery across the joint initiatives being taken with government on electricity, logistics, and crime is “plateauing.”
Money Market with Chris Gibbons
VW is NOT leaving South Africa - so says CEO Martina Biene, but ,there are deep-seated concerns, 100,000 ships are now stuck outside three SA ports, and ArcelorMittal SA is to close its long steel ops, cutting 3,500 jobs.
Money Market with Chris Gibbons
The SABC has announced the appointment of a new Group Chief Executive Officer, Nomsa Chabeli, and Naamsa's CEO Mikel Mabasa is concerned that the government is refusing to consider consumer incentives to make electric vehicles more affordable for South Africans.
Money Market with Chris Gibbons
Passenger Car CEO for Volkswagen, Thomas Schäfer, is worried about the firm's future operations in South Africa, the Nelson Mandela Bay Business Chamber wants Transnet's new booking system to be suspended until the country-wide logistics challenges are resolved, and Anglo American Plc is considering cutting jobs at two of its…
Money Market with Chris Gibbons
A collective sigh of relief as repo rates remain unchanged, and Mr Price reports growth in revenue since adding Studio 88 to its portfolio. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
The annual consumer price inflation rate has come dangerously close to the Reserve Bank's threshold of 6 %, the World Bank says rampant crime in South Africa is costing the country, and another ABSA executive jumps ship to Nedbank.
Money Market with Chris Gibbons
4th quarter business confidence drops, all eyes will be on CPI numbers to be released later today, and interim SAA Chair, Derek Hanekom, says the airline is healthy but needs a cash injection to remain sustainable.
Money Market with Chris Gibbons
Netcare's share price firms close to 6%, Astral Foods reports their first loss ever, and Shoprite Checkers wins over Pick n Pay in the Western Cape High Court.
Money Market with Chris Gibbons
The backlog at SA ports poses a huge problem, Sasol is to get a new president and CEO in April 2024, and S&P Global keeps Msanzi's credit rating unchanged. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
Investec will pay its highest dividend yet, Anchor Capital to merge with the UK's Credo, and many new homeowners forced to sell due to post-covid interest rates rise.
Money Market with Chris Gibbons
London's Standard Chartered Bank admits to rand rigging, agrees to pay a fine to the Competition Commission, Multichoice continues to bleed customers, and retailers look forward to Black Friday. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
New unemployment figures are out, and the Department of Mineral Resources and Energy has published the draft South African National Petroleum Company Bill for public comment.
Money Market with Chris Gibbons
Sasol gets a new CEO, Shoprite continues its dominance in the retail market space, and all eyes are on the US Federal Reserve Bank for a decision on interest rates. (Chris Buchanan was standing in for Chris Gibbons)
Money Market with Chris Gibbons
South Africa's TFG reports a loss but remain optimistic about the upcoming Black Friday, Stats SA to release two important figures this week, and Biden to meet his Chinese counterpart this week.
Money Market with Chris Gibbons
Nu Scale Power, the US nuclear company eyeing SA has canceled due to monetary constraints, Tongaat Hulet confirms deal with Robert Gumede's Terris consortium, and the Fed's Jerome Powel says more rate increases are a possibility.
Money Market with Chris Gibbons
Two major investment boosts for South Africa, and the Special Investigating Unit and Transnet halt the pension funds of two former Transnet executives due to corruption and mismanagement of funds worth over R33.5 million.
Money Market with Chris Gibbons
Delays at SA ports cause MSC and Maersk to impose a surcharge fee, Impala Platinum is offering voluntary job cuts to workers, this announcement was enough to 'spook' the local market.
Money Market with Chris Gibbons
South Africa risks losing business over what's being described as ' visa chaos', and could the rand be heading to beneath 10 to the dollar?
Money Market with Chris Gibbons
The markets appear to like the medium-term budget, and crypto's 'golden boy' Sam Bankman-Fried is found guilty of fraud.
Moeny Market with Chris Gibbons
The mid-term budget policy statement confirms that South Africa is in financial trouble, this means no bailouts for Eskom, SAA, Denel, or Transnet, market reaction to the speech was positive. (Chris Buchanan was standing in for Chris Gibbons)